Washington, D.C. - Today, House Agriculture Committee Chairman K. Michael Conaway (R-TX) issued a statement following the passage of legislation to reauthorize the Commodity Futures Trading Commission (CFTC) by the Senate Committee on Agriculture, Nutrition and Forestry.
“I applaud Chairman Roberts and my counterparts on the Senate Agriculture Committee for their work in moving this CFTC reauthorization language forward in the Senate. Last summer, the House passed H.R. 2289, the Commodity End-Users Relief Act, to reauthorize the CFTC, which has gone unauthorized since September 2013. The CFTC remains the only unauthorized program under the House Agriculture Committee's jurisdiction. I am glad to see the Senate act on this important issue to bring relief to end-users and ensure the markets work efficiently and effectively for all market participants, especially during this recent collapse in commodity prices."
